Energy

Report by Ono Yima NNPC Limited has announced a scheduled maintenance window on critical gas production assets operated by its joint venture partner, Seplat Energy Plc, a key supplier into the national gas transmission system. According to a notice published by the company, the routine maintenance exercise will take place from February 12 to 15, 2026, temporarily reducing gas volumes delivered into the pipeline network managed by NNPC Gas Infrastructure Company Limited. It described the intervention as a standard industry practice aimed at maintaining asset integrity, operational safety and long-term reliability of gas infrastructure. Periodic shutdowns of this nature are designed to sustain performance efficiency and minimise the risk of unexpected outages across the supply c...

From Energy/Business Desk  Nigerian National Petroleum Company (NNPC) Limited recorded a profit after tax of ₦5.76 trillion for the 2025 financial year, underscoring strong earnings performance despite a dip in crude and condensate production in December linked to planned and unplanned operational outages.The company disclosed the figures in its Monthly Report Summary for December 2025, which also shows full-year revenue of ₦60.517 trillion and statutory payments totalling ₦14.706 trillion.Production Declines at Year-EndCrude oil and condensate production averaged 1.54 million barrels per day in December, down from earlier months in the year and below the 2025 peak of 1.77 million barrels per day. The company attributed the December performance to planned maintenance at Stardee...

From Rareview Energy Desk The Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, has issued a clarion call for African nations to align their policies and capital, arguing that the continent’s energy security depends on collective action rather than isolated national efforts. Speaking on Wednesday at the 2026 International Energy Week (IEW) in London, Ojulari engaged in a high-level fireside chat with Mr. Andy Brown, Deputy Chair of Ørsted and President of the Energy Institute. The session served as a platform for Ojulari to pivot Nigeria’s energy strategy toward regional integration. Ojulari identified shared infrastructure and integrated gas markets as the "backbone" of the continent's industrial future. He specifically highlighted the Nigeria–Morocco Gas ...

From Rareview Energy Desk  In a significant display of high-level industry synergy, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, alongside the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, headlined a delegation of energy leaders to the Nigerian Content Development and Monitoring Board (NCDMB) exhibition booth on Tuesday. The visit, a focal point of the 10th Anniversary Edition of the Sub-Saharan International Petroleum Exhibition and Conference (SAIPEC 2026), underscored the central role of local content in driving Africa’s energy independence. The ministerial team was received by Dr. Obinna Ezeobi, General Manager of Corporate Communications, and Mr. Omomehin Ajimijaye, Act...

From Rareview Energy Desk LAGOS – The Nigerian Content Development and Monitoring Board (NCDMB) has issued a rallying cry to African oil-producing nations to dismantle "industrial silos" and embrace a unified, cross-border strategy to secure the continent’s energy future. Speaking on Tuesday at the landmark 10th Anniversary of the Sub-Saharan International Petroleum Exhibition and Conference (SAIPEC 2026) in Lagos, the Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, asserted that collaboration is no longer optional but the "cornerstone" of an afrocentric approach to sustainable growth. The 61% Milestone and the Crackdown on Intermediaries Represented by the Director of Corporate Services, Dr. Abdulmalik Halilu, the NCDMB boss revealed that Nigeria’s systematic ...

By Ali Elias Summit Overview Nigeria’s energy sector is being repositioned as a continental growth engine under the African Continental Free Trade Area, with policymakers urging industry players to shift from a domestic outlook to a regional market strategy.This formed the central message at the Nigeria Content Development and Monitoring Board (NCDMB)  Nigerian Local Content AfCFTA Energy Summit held Monday in Lagos, where the Nigeria AfCFTA Coordination Office outlined how the trade pact is reshaping opportunities across power, oil and gas, manufacturing, and energy services.Delivering the presentation on behalf of Acting National Coordinator Patience Okala, Joseph Ifeanyi Nwokedi described AfCFTA as a market-shaping framework that fundamentally alters how scale, competitiv...

Photo: Business Insider By Ali Elias The Democratic Republic of Congo (DRC) is set to significantly reshape ownership structures in its vast mining sector after ordering companies to comply with long-standing local participation rules requiring equity allocation to Congolese workers.In a directive issued by Mines Minister Louis Watum, mining operators have been instructed to demonstrate that at least five per cent of their share capital is held by Congolese employees, in line with provisions of the country’s 2018 mining code. Companies have been given until July 31, 2026, to submit proof of compliance.The policy move is expected to affect some of the world’s largest producers of copper and cobalt operating in the Central African nation, including Glencore, CMOC Group, Ivanhoe Mines, ...

By PR The 2026 edition of the African Continental Free Trade Agreement (AfCFTA) Summit got underway in Lagos on Monday with regulatory agencies, project promoters, and financial institutions focused on deepening intra-Africa trade, a unified code of standards for professional qualifications and manufactured goods, and expansion of the frontiers of technological development and innovation. Critical questions addressed include how AfCFTA’s 1.4 billion population and $3.4 trillion economy could achieve “a strategic shift from fragmented economies towards a globally competitive supply chain system”; how Africa could leverage its vast mineral resources, including copper, iron ore, petrochemical, for domestic production of hardware such as Christmas tree (an assembly of valves, fittings on...

By PR Determined to speed up the oil and gas industry contracting processes, weed out firms lacking technical capacity to perform and reduce Nigeria’s cost of production, the Nigerian Content Development and Monitoring Board has issued the “NCEC Application Guidance Notes”, with effect from December 2025. The document which is available on the Board’s website – ncdmb.gov.ng, and on the NCEC application portal, forms part of concerted efforts to operationalize the Presidential Directives (PDs) on Local Content Requirements, which mandates NCDMB to take further steps to eliminate intermediaries in the contracting process lacking demonstrable capacity. Emphasising that one of the key requirements for participating in the Nigerian oil and g...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) is advancing Nigeria’s local content agenda through a strategic “tripod” framework that transcends mere regulatory compliance, positioning the nation – and the broader African continent – as drivers of industrial innovation and economic sovereignty in the energy sector. In a keynote address delivered at the 2026 Nigeria International Energy Summit (NIES) in Abuja, NCDMB Executive Secretary Engr. Felix Omatsola Ogbe outlined the three interconnected pillars: Competence, Capacity Utilization, and Collaboration. “Competence instills confidence in investors, capacity provides certainty in delivery, and collaboration enables African enterprises to unite in leading the continent’s industrial advancem...